Suburb Profile Report for Rushworth VIC (3612)

Rushworth House: Median price $192,250, Annual capital growth 3.51%, Number of sales 20, Weekly median advertised rent $220

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Rushworth has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.88%

When looking at the potential capital gains offered to property investors over the last 3 years, Rushworth comes in at number 514th in VIC.

Sellers are offering property buyers an average discount of -7.26% to buyers in Rushworth at the moment, which is less than average for the rest of VIC.

Rushworth, 3612’s gross rental yield is 5.95%

Information supplied by:


May 2017

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The suburb of Rushworth got its name from its inception during the 1853 gold rush in Victoria. While the rush is long over, the suburb is riding the waves of sustained growth.Full summary

Gold rush town enjoys a golden growth period
Median house price: $210,000
Three-year growth: 32.91%
Rental yield: 5.70%

The suburb of Rushworth got its name from its inception during the 1853 gold rush in Victoria. While the rush is long over, the suburb is riding the waves of sustained growth.

Houses are astoundingly affordable at just $210,000 even after a significant price increase of over 12% in the February 2017 quarter alone. The almost 6% average yield is certainly eye-catching for investors, along with the potential shown for long-term growth seeing as the market has not fumbled in five years.

Rushworth is home to a few schools, including a P-12 college and St Mary’s primary school. There’s also a bakery/café. The suburb has much to offer as a tourist spot – there’s the local heritage walk and the Rushworth museum, for example. The Rushworth State Forest is located nearby and is perfect for bushwalking. 8km north of the suburb, Waranga Basin is a popular fishing destination.

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Metrics i HOUSE UNIT
$192,250 N/A
3.92% N/A
-3.88% N/A
3.51% N/A
$220 N/A
20 N/A
5.95% N/A
118.4 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1380
Median household income ($/weekly) 651
Median age of persons 51
Median housing loan repayment ($/monthly) 900
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 137 9.9
    35-44 years 155 11.2
    45-54 years 209 15.1
    55-64 years 232 16.8
    65-74 years 188 13.6
    Others 460 33.3
    Age Group
    Census Count Percent(%)
    Registered Married 492 49.1
    Not Married 423 42.2
    Defacto Relationship 88 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1160 89.8
    New Zealand 10 0.8
    Papua New Guinea 9 0.7
    United Kingdom 63 4.9
    Other 8 0.6
    Others 42 3.3
    Country of Birth
    Census Count Percent(%)
    Christianity 909 75.2
    No Religion 288 23.8
    Buddhism 9 0.7
    Islam 3 0.2
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 88 17.7
    $400-$599 95 19.2
    $600-$799 73 14.7
    $800-$999 60 12.1
    $1,500-$1,999 39 7.9
    Others 141 28.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 564 51.6
    Employed, worked full-time 265 24.3
    Employed, worked part-time 180 16.5
    Employed, away from work 52 4.8
    Unemployed, looking for work 31 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 59 12.0
    Professionals 71 14.4
    Technicians & trades workers 66 13.4
    Community & personal service workers 60 12.2
    Labourers 99 20.1
    Others 138 28.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 73 30.3
    Secondary 98 40.7
    Technical or Further Educational Institution 23 9.5
    University or other Tertiary Institutions 23 9.5
    Other type of educational institution 13 5.4
    Others 11 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1166 95.9
    Caravan, cabin, houseboat 19 1.6
    House or flat attached to a shop, office 18 1.5
    Flat, unit or apartment 10 0.8
    Improvised home, tent, sleepers out 3 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 271 49.4
    Being purchased 175 31.9
    Rented 99 18.0
    Other tenure type 4 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals